Tocqueville Asset Management L.P. Has $95.35 Million Stock Position in Wheaton Precious Metals Corp (NYSE:WPM)

Tocqueville Asset Management L.P. cut its stake in shares of Wheaton Precious Metals Corp (NYSE:WPM) by 9.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,205,140 shares of the company’s stock after selling 326,775 shares during the quarter. Wheaton Precious Metals accounts for 1.4% of Tocqueville Asset Management L.P.’s portfolio, making the stock its 8th largest holding. Tocqueville Asset Management L.P. owned 0.72% of Wheaton Precious Metals worth $95,353,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Wheaton Precious Metals by 2.8% in the second quarter. Vanguard Group Inc. now owns 13,210,823 shares of the company’s stock worth $319,438,000 after buying an additional 359,679 shares during the period. Invesco Ltd. boosted its position in shares of Wheaton Precious Metals by 123.9% in the second quarter. Invesco Ltd. now owns 5,137,109 shares of the company’s stock worth $124,216,000 after buying an additional 2,842,321 shares during the period. Great West Life Assurance Co. Can boosted its position in shares of Wheaton Precious Metals by 43.0% in the third quarter. Great West Life Assurance Co. Can now owns 2,188,541 shares of the company’s stock worth $57,543,000 after buying an additional 658,385 shares during the period. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Wheaton Precious Metals in the third quarter worth $53,330,000. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Wheaton Precious Metals by 1.5% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,882,091 shares of the company’s stock worth $49,380,000 after buying an additional 28,681 shares during the period. 53.18% of the stock is owned by institutional investors and hedge funds.

WPM traded up $0.27 during trading on Tuesday, reaching $27.73. 1,864,200 shares of the stock traded hands, compared to its average volume of 1,793,468. The stock has a market cap of $12.42 billion, a price-to-earnings ratio of 57.77, a price-to-earnings-growth ratio of 6.16 and a beta of -0.10. Wheaton Precious Metals Corp has a fifty-two week low of $18.54 and a fifty-two week high of $30.90. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.67 and a quick ratio of 4.67. The stock’s 50-day simple moving average is $28.24 and its two-hundred day simple moving average is $27.17.

Wheaton Precious Metals (NYSE:WPM) last released its quarterly earnings data on Thursday, November 14th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.16. The firm had revenue of $223.60 million during the quarter, compared to analysts’ expectations of $235.93 million. Wheaton Precious Metals had a return on equity of 4.07% and a net margin of 1.85%. The business’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.08 earnings per share. Research analysts anticipate that Wheaton Precious Metals Corp will post 0.57 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Wednesday, December 4th were issued a dividend of $0.09 per share. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $0.36 annualized dividend and a yield of 1.30%. Wheaton Precious Metals’s dividend payout ratio (DPR) is currently 75.00%.

WPM has been the subject of several recent analyst reports. TheStreet raised Wheaton Precious Metals from a “c+” rating to a “b-” rating in a research report on Friday, November 15th. Royal Bank of Canada initiated coverage on Wheaton Precious Metals in a research report on Wednesday, December 4th. They issued a “buy” rating and a $33.00 target price for the company. Zacks Investment Research cut Wheaton Precious Metals from a “buy” rating to a “hold” rating in a research report on Thursday, November 28th. Barclays cut Wheaton Precious Metals from an “overweight” rating to an “equal weight” rating and set a $28.00 price objective for the company. in a research report on Tuesday, October 15th. Finally, BMO Capital Markets initiated coverage on Wheaton Precious Metals in a research report on Tuesday, November 26th. They set a “buy” rating and a $35.00 price objective for the company. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $32.00.

Wheaton Precious Metals Company Profile

Wheaton Precious Metals Corp., a mining company, primarily sells precious metals in Canada and internationally. The company sells silver and gold ores. It has agreements for 19 operating mines and 9 development stage projects. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp.

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Institutional Ownership by Quarter for Wheaton Precious Metals (NYSE:WPM)

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